An LLC is generally treated as marital property in a divorce. This means that it is subject to division between the spouses, just like other marital assets, such as the house, cars, and bank accounts. Dividing an LLC in a divorce There are a few different ways to divide an LLC in a divorce. One … Read more
What happens to an LLC after death depends on a few factors, including whether the LLC is a single-member LLC or a multi-member LLC, and whether the LLC has an operating agreement. Single-member LLCs A single-member LLC is an LLC that has only one owner. When the owner of a single-member LLC dies, the LLC … Read more
Yes, an LLC is a flow-through entity. This means that the income and losses of the LLC pass through to the members of the LLC, who then report them on their personal tax returns. There are two types of LLCs for tax purposes: single-member LLCs and multi-member LLCs. Benefits of an LLC being a flow-through … Read more
The live streaming industry has witnessed a meteoric rise in recent years, reshaping the way we consume content, connect with audiences, and experience events. As technology continues to advance and connectivity becomes more accessible, the live streaming landscape is evolving at an unprecedented pace. Here are 10 captivating facts about the live streaming industry, backed … Read more
Temporary buildings are very common today because they have numerous benefits. Although many people mistakenly think they are short-lived structures, they can be used as a space solution for many years in a business or organization. Temporary buildings are needed for many uses such as storage of goods in a logistics business, garages and auto … Read more
Sharing an Outlook calendar has become the new norm for most businesses today. This increases communication within various sectors in the business, hence promoting productivity. Calendars are created and shared between different parties both inside and outside the business, each with an agenda of parsing information. How to create a separate shared calendar in Outlook … Read more
Yes, an LLC can pay another LLC. This can be done in a number of ways, including: When should an LLC pay another LLC? There are a number of reasons why an LLC might pay another LLC. Some of the most common reasons include: How to pay an LLC from another LLC To pay an … Read more
Yes, an LLC can own part of another LLC. This is known as a parent-subsidiary structure, or a holding company with subsidiaries. It is a common way for businesses to structure themselves, especially for businesses with multiple assets or revenue streams. There are a few reasons why a business might choose to structure itself with … Read more